Reference no: EM13491495
Best Products Company makes two products, Product A and Product B. They are both made of plastic and metal. Information for the two products for the month of April is given in the following tables:
Best Products accounts for direct materials using a FIFO cost flow assumption.
Pet Luggage uses a FIFO cost flow assumption for finished goods inventory.
Best Products uses an activity-based costing system and classifies overhead into three activity pools:
Setup, Processing and Inspection. Activity rates for these activities are $130 per setup hour, $5 per machine-hour, and $20 per inspection-hour, respectively. Other information follows:
Nonmanufacturing fixed costs for March equal $32,000. The only variable nonmanufacturing costs are sales commission, equal to 1% of sales revenue.
Required:
Prepare the following for April:
1. Revenues budget
2. Production budget in units
3. Direct material usage budget and direct material purchases budget
4. Direct manufacturing labor cost budget
5. Manufacturing overhead cost budgets for each of the three activities
6. Budgeted unit cost of ending finished goods inventory and ending inventories budget
7. Cost of goods sold budget
8. Budgeted income statement (ignore income taxes).
|
At what altitude are the climbers preparing their meal
: During a mountain climbing trip, it is observed that the water used to cook a meal boils at 90°C rather than the standard 100°C at sea level
|
|
Compute the direct materials price and efficiency variances
: During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
|
|
Define decomposes until the equilibrium amount of i2 present
: When 0.941 mol of gaseous HI is sealed in a 1.00-L flask at 225°C, it decomposes until the equilibrium amount of I2 present is 0.171 mol: 2HI(g) ? H2(g) + I2(g) Use these data to calculate Keq for this reaction at 225°C
|
|
How many electrons are in this system
: A system of 1595 particles, each of which is either an electron or a proton, has a net charge of -5.328×10^-17 C. How many electrons are in this system
|
|
Prepare revenues budget
: Nonmanufacturing fixed costs for March equal $32,000. The only variable nonmanufacturing costs are sales commission, equal to 1% of sales revenue.
|
|
Estimate the diameter of the oil slick
: One liter (1000 cm ^3) of oil is spilled onto a smooth lake it the oil spreads out uniformly unit it makes an oil slick just one molecule thick with adjacent molecules just touching estimate the diameter of the oil slick
|
|
Explain hemoglobin increases the affinity for the binding
: The binding of the first O2 to this hemoglobin increases the affinity for the binding of the second O2. C. The binding of the first O2 to this hemoglobin decreases the affinity for the binding of the second O2. D. The binding of the first O2 to th..
|
|
Calculate the friction force exerted by nozzle on stopper
: A village maintains a large tank with an open top, containing water for emergencies. Calculate the friction force exerted by the nozzle on the stopper
|
|
Compute the cost-driver rate for each overhead activity
: hat is a likely explanation for this? Direct your response in terms of the current allocation base used and how the recently adopted robotics system is changing the past cost allocation system.
|